P

[burnside]

From TYGRR.BOND-PI:

No word from pirate about the interest and it has been about 4 days since I requested my last withdraw so it looks like a default for this bond.

1 BTC buy wall is going up soon. The BTC are now on the way to GLBSE.

Thanks.

If you're calling one a default, does that make them all a default?

Seems kind of odd given that we're still within Pirate's announced wind-down period.

Is there something we're missing?

[bitfoo]

Do not worry, if pirate sends me coins you will get them bought back at 1.068 like I said above assuming he pays in full with interest.

Well, technically it should be 1.068 + this week's partial interest as well. If you're paid back as promised, of course.

[piotr_n]

Do not worry, if pirate sends me coins you will get them bought back at 1.068 like I said above assuming he pays in full with interest.

Well, technically it should be 1.068 + this week's partial interest as well. If you're paid back as promised, of course.

Assuming he does pay it will stay at 1.068 BTC   I'm not even sure what rate he is paying as it is after the 20th.

The bond is dead and IMO it really should be locked down on GLBSE but that is up to Nefario.

The only thing that I know is dead for sure - is your reputation.

I used to think that you were a fair guy, even putting my words for you.
But now I know that your entire business has been about squeezing every possible penny from every possible sucker. Never really kept your word.

And selling the PI bonds at 1.50+ - it was just the masterpiece
Of course, after pirate pays out, you are not considering a refund for the overpaid insurance, because why would you - right?
In fact, you are even trying to steal the interest from the poor suckers...

[piotr_n]

After rereading the contract I will buy back at 1.068 except for piotr-n's bonds. I will just refuse to accept his BTC from pirate 

That's great.
Just don't forget to also refuse accepting my interests

[bitfoo]

Assuming he does pay it will stay at 1.068 BTC   I'm not even sure what rate he is paying as it is after the 20th.

The bond is dead and IMO it really should be locked down on GLBSE but that is up to Nefario.

On IRC he had said that he would pay the old rates until the time the exact hour the account was closed and coins returned.

Also, please keep the bond alive for now: it allows people to trade the debt around and serves as a good indicator for the market value of pirate debt.

[Mousepotato]

On IRC he had said that he would pay the old rates until the time the exact hour the account was closed and coins returned.

Also, please keep the bond alive for now: it allows people to trade the debt around and serves as a good indicator for the market value of pirate debt.

IIRC that was a couple days ago.  Nobody has even heard from him since last night, I think.

[piotr_n]

On IRC he had said that he would pay the old rates until the time the exact hour the account was closed and coins returned.

Also, please keep the bond alive for now: it allows people to trade the debt around and serves as a good indicator for the market value of pirate debt.

IIRC that was a couple days ago.  Nobody has even heard from him since last night, I think.

As I said, he updated the accounts' balance with last weeks interests, so if he does pay out there will be interests..

[Mousepotato]

As I said, he updated the accounts' balance with last weeks interests, so if he does pay out there will be interests..

All BTCST accts, or just Goats? And where did you hear about this?

[tbcoin]

Could you post your BTC&ST reimbursement address? , so we could know quickly if you have been paid, without having to be constantly reading the forum, I'm telling you to get some quiet sleep with an alarm;)

[piotr_n]

Could you post your BTC&ST reimbursement address? , so we could know quickly if you have been paid, without having to be constantly reading the forum, I'm telling you to get some quiet sleep with an alarm;)

just relax and have a life
what is going to happen, will happen - we have no control over it.
enjoy what you have control of - don't set the alarm

[odolvlobo]

Assuming he does pay it will stay at 1.068 BTC   I'm not even sure what rate he is paying as it is after the 20th.

The bond is dead and IMO it really should be locked down on GLBSE but that is up to Nefario.

Unless pirate's contract with depositors say that he can change the terms at any time without notice, then he has defaulted because he has missed an interest payment.

Regardless. This bond is not "dead". As long as the is the possibility that pirate returns depositor money, it has value.

[piotr_n]

Just to make clear the bond is now dead or closed as BTCST has failed to send me coins with in 72 hours or make interest payments.

Pirate has defaulted.

Assuming pirate will ever pay in full I will pass along the weeks interest and the face value of the bond.

Again this bond is now dead and to make clear if pirate does not send fund the bonds are worth 0 BTC.

Thank you.

You are welcome.

And for as what we know, he hasn't defaulted yet - he just doesn't pay out the deposits.
We cant do anything about it, except waiting.
But it doesn't mean that you should use this incident to earn more money from the business.
Just say what the other PPTs said: whatever is returned will be distributed back, since I don't do any convoluted bookkeeping.
Is it so hard?

[bitfoo]

Assuming pirate send me the coin. If pirate does not send the coin I will not buy them back. Please read the contract if you disagree. This bond was not at all insured.

Of course, I thought that was pretty clear. All I'm saying is, do not close trading or pronounce it "dead" until it is 100% sure that pirate has sailed away. As of now, he has said that he'll try and pay back by Friday.

[piotr_n]

I will not ask nefario to lock trading of the bonds.

Why not? I would be glad to know what nefario thinks about your approach, that you are so sure of, but you don't want to ask for. You don't say why - so probably because you are so modest. Good for you

[tbcoin]

Could you post your BTC&ST reimbursement address? , so we could know quickly if you have been paid, without having to be constantly reading the forum, I'm telling you to get some quiet sleep with an alarm;)

just relax and have a life
what is going to happen, will happen - we have no control over it.
enjoy what you have control of - don't set the alarm

You are so right but ... I need to know when happens what is going to happen XD, I need my alarm

Chaang, then you will not post the address?

[piotr_n]

Of course he's not going to post the address.

Go get a live - don't let Pirate to screw with your bran and Goat to multiply this trauma
It's just a money.

[Serge]

by closing this asset you'll prevent people who wish to get out and the ones who wish to acquire this debt at wholesale price.  if you close trading to it and then if pirate makes it right what will happen with this bond?
you motivation wanting this debt to equal 0 is understandable, but let people figure out for themselves if they want to keep it or sell it at discount

[bitfoo]

by closing this asset you'll prevent people who wish to get out and the ones who wish to acquire this debt at wholesale price.  if you close trading to it and then if pirate makes it right what will happen with this bond?
you motivation wanting this debt to equal 0 is understandable, but let people figure out for themselves if they want to keep it or sell it at discount

He's already said that he won't close trading:

I will not ask nefario to lock trading of the bonds.

[unclescrooge]

Goat, wouldn't it be fair (and good for your reputation) to pay back face value+ whole interest pirate paid you back?

[totaleclipseofthebank]

Nothing is wrong with Goat's reputation here. He did exactly what was advertised, in allowing people to profit off of Pirate's ponzi scheme while keeping their assets liquid. This meant you could use these bonds as a gambling device to get pirate-interest, but then sell them before the (inevitable) default announcement.